Taxes: How you have to declare your inheritance and when penalties threaten
There is already a lot of uncertainty surrounding the question of when you need to create an inheritance tax return. Things can become complex with real estate. You should avoid these ten mistakes.
In Germany, people who inherit an estate must report it to the tax office within three months of receiving the inheritance. Failure to do so may lead to accusations of tax evasion if the inheritance exceeds the tax-free allowance. The tax office does not automatically receive information about the estate, and heirs must submit a notification, usually using a specific form. The notification must be sent to the correct tax office, which is determined by the deceased person's last place of residence.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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